Neighbours snapped up an original Victorian era weatherboard home in one of Geelong West’s most prestigious streets, as an auction finished $115,000 over price expectations.
The three-bedroom Lawton Ave house sold for $940,000, after two bidders went head-to-head, with bids flying upwards in $10,000 and $5000 increments at Saturday’s auction.
The home, offered for the first time in 65 years, had price hopes of $725,000 to $825,000.
RELATED: Buyers plan fresh start after $350K outlay on Geelong home
Luxury townhouse marks return for Herne Hill buyers
Porter Davis directors’ $9.94m in property revealed
The Geelong West couple, who live next door, won the showdown with a $10,000 knockout bid.
One of the buyers said her partner needed a “new project”, however they were unsure on what they were planning to do with it.
The 402sqm Lawton Ave property has been in the vendor’s ownership for more than 65 years.
Buxton Newtown director Dylan Taggert said the property could mark the last home to sell for less than $1m in the street, regarded as one of the suburb’s premium streets addresses, given it offered a “blank canvas” for the next owners.
“This is the textbook definition of the worst house on the best street,” Mr Taggert said.
“We’re surrounded by homes in excess of $2 million, $3 million in the street.”
The retained Victorian facade blends in with the many period homes that neighbour the property.
Inside, a long central hallway breaks off into three bedrooms, a bathroom and open plan kitchen and living space.
At the back of the property is a large, north-facing backyard with rear access via a back lane.
The property is around 300m from Pakington St and around five minutes from Geelong and North Geelong railway stations.
sarah.petty@news.com.au
Originally published as Untouched home of 65 years in Geelong West sells more than $100,000 over asking price
ncG1vNJzZmivp6x7r7HWrGWcp51jrrZ7xaKlmqaTmnyzscClZJ6rpJbBpnvUp6uorZOdsqV5x6iknmWfm3p3gYyynJqqo2K2r3nGnpylp56cerix0q1krJ2cocBuuc6rnGasmJa7bn2PaWdpaF2kw6a%2BjJqqpKGenHqxvsicnGimlazAbr%2FTqKmyZ2ebf3aCxZpobZtpbYKlf5KenZpuZJmFcrDDa5ufcWiZ